Dave Meltzer Analyzes Impact of Netflix's WB Acquisition on AEW

This morning, it was confirmed that Netflix has reached an agreement to acquire the Warner Bros. segment of Warner Bros. Discovery, with the streaming platform taking control of the studios assets. Before the announcement became official, Dave Meltzer, writing for the Wrestling Observer Newsletter, had already discussed the likelihood of this acquisition and shared insights into the situation.

While the full effects on AEW remain uncertain, several scenarios are possible. Meltzer highlighted that AEW has historically been treated as entertainment rather than sports, placing it under the Warner Bros. category rather than Discovery. Because Netflix is not acquiring most of WBDs sports properties, these assets may be spun off into a separate streaming service.

If AEW content transitions from HBO Max to this potential new platform, the visibility of shows like AEW Dynamite and Collision could significantly decrease. For now, HBO Max is expected to continue operating independently, maintaining separate access to WWE and AEW programming, though both would fall under Netflix ownership.

The media rights deal AEW signed with WBD last year extends through 2027. However, the situation is complicated as AEW content streams on HBO Max and airs on TNT and TBS, networks that will soon be divided between two companies.

Meltzer also referenced a Bloomberg report noting that Netflix included a $5 billion "breakup fee" in the deal, payable to WBD if regulatory approval is denied. CNBC reported the total value of the acquisition exceeds $82 billion.

Paramount, which had also been a leading contender for the assets, reportedly expressed frustration over the negotiation process, believing their company would face fewer regulatory hurdles. Meltzer indicated that Paramount insiders are exploring ways to persuade WBD shareholders that the Netflix agreement could be blocked, and a deal with Paramount would be preferable.

Additionally, an open letter is being drafted by prominent Hollywood figures to the U.S. Congress, raising concerns about Netflix controlling a major studio and the potential negative effects on movie theaters nationwide.

Author: Riley Thompson